NEW YORK–Goldman Sachs, the Wall Street firm that has already made a number of internal changes to make itself more attractive to younger workers, has altered another long-time practice: how it hires people.
Goldman Sachs, which has previously made changes to provide younger workers with more time off and higher salaries as a means of attracting Millennials, is now recruiting new hires via video, rather than via first round face-to-face interviews on college campuses.
The bank said the objective is to open up the recruiting process to a broader pool of candidates with varying backgrounds. The use of the technology, the bank said, should help it to better screen new employees who are a better—and thus longer-term—fit for the organization.
“Leveraging technology will enable you to get to more places,” Edith Cooper, the global head of human capital management at Goldman Sachs, told the media. “It doesn’t limit us to the number of human beings we have in the recruiting organization.”